GBH acquires Vindemia from Casino Group for $246m.

GBH Group, a leading French retailer acquires Vindemia, a leading retailer in the Indian Ocean from Groupe Casino for $246m. With this agreement, Vindémia's activities will continue and develop within GBH's Retail division. The completion of this disposal will be achieved after consultation with employee representative bodies and subject to approval by the French Competition Authority. In the agreement, GBH has committed to sell stores to a third party in anticipation of possible concerns from the Competition Authority.